D.R. Horton beats Q2 earnings estimates; shares jump 7% on strong orders and raised guidance

D.R. Horton reported Q2 adjusted EPS of $2.24, beating estimates of $2.13, with revenue slightly above expectations at $7.56 billion despite a 2% year-over-year decline. The homebuilder saw a 1% increase in home closings and an 11% rise in net sales orders, reaching $9.2 billion in value. Net income fell 20% to $647.9 million, but profit margins exceeded guidance due to favorable litigation and lower warranty costs. The company raised its full-year revenue forecast to $33.5-$34.5 billion and expects 86,000 to 87,500 home closings in 2026, signaling confidence in its market position.